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Premium passive investment - Auction will decide!

Unit 13/42 Gravatt Road, Papamoa

Retail Property
gavel

Auction

Floor area
250m2
Title type
Unit Title
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Auction

Wednesday
1:00pm
247 Cameron Road, Tauranga
29
Jul

Map

Property details

Listing # 2502354 | Listed on 25 November 2021

Highly motivated vendors are committed to a sale, presenting an outstanding opportunity to secure a premium investment in the tightly held Fashion Island retail precinct. Unit 13, 42 Gravatt Road is underpinned by the strength of Cotton On Group, Australia's largest global fashion retailer, with Cotton On Kids occupying the premises on a secure 13 year lease through to 30 June 2030.

As one of three Cotton On Group stores within Fashion Island, the tenancy plays a key role in anchoring this thriving retail destination and driving consistent customer traffic. Enjoy the confidence of annual built-in rental growth, a strong national tenant covenant, an A-grade seismic rating, and low-risk construction, making this an exceptional set-and-forget investment. The property currently returns $117,429 + GST and 100% of Outgoings.

With motivated sellers and a clear commitment to meeting the market on auction day, this is your opportunity to secure a blue-chip passive investment that rarely becomes available. Call Ryan for a full information pack today!

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